Ann: Rangers Well Operations Report, page-52

after recent world events, oil prices and company announcements I agree.

initially I was expecting to sit around the 1.7-2.5 mark until July due to option exercising hold back from dilution.

but already with the increased oil price they should have around a 50% increase in revenue this quarter and once rangers is in production we’re looking at quarterly revenues in the region of 8-12mil. Extrapolate on a conservative PE of 8 and that still gives us an intrinsic value of 300-350mil.
which even with all options converted has SP at .06-07c in Q3 (I’d say likely not until Q4 though after Q3 quarterly report)

now that’s just some back of envelope calcs and MC may deviate from intrinsic value. And there’s a lot of other variables; however if rangers matches jewel’s performance, which we will get data on shortly, then the SP will continue to grow, and my value calcs are just a matter of time.

all IMO DYOR